Neobank myTU enables Visa Direct and Mastercard Cross-Border Services
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This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
This integration empowers businesses and individuals to send real-time payouts, including salaries, insurance claims, refunds, and gig-economy payments to eligible Mastercard and Visa cardholders, as well as directly to bank accounts in supported markets. The launch strengthens myTU's position as a leading provider of fast, reliable cross-border payment solutions.
Global cross-border payments are expanding at an estimated 5% annually, with business-to-consumer (B2C) segments such as payroll and contractor payouts projected to grow at an even faster pace of 11.1% CAGR through 2032. With both Visa Direct and Mastercard Cross-Border Services integrated into its platform, myTU is to enable international transfers of up to €20,000, supporting outgoing card and account-based transactions.
Transfers are available 24/7, with many delivered within 30 minutes. Combined, Visa Direct and Mastercard Cross-Border Services reach over 190 countries and support 160+ currencies. The services also support seamless currency exchange, which significantly reduces the friction of international transactions.
The addition of these capabilities expands myTU's payments-as-a-service offering, allowing it to serve a diverse client base that includes consumer credit firms, marketplaces, and other payment service providers.
Raman Korneu, Co Founder and CEO at myTU,said: 'This launch aligns with our strategy to empower partners with scalable global payout solutions and further solidifies our role as a next-gen payments infrastructure provider. As an AI-native business, myTU delivers long-term operational stability. Our automated systems mean integrations don't require frequent updates. And with a lean team structure, we're able to offer some of the most competitive pricing in the market.'
On the security front, Visa Direct and Mastercard Cross-Border Services incorporate industry-leading fraud prevention tools, tokenization, and predictive analytics. Their real-time risk assessment systems help reduce fraud, enhance compliance, and ensure funds are delivered securely and reliably.
With this launch, myTU continues its evolution into a full-stack global financial infrastructure provider, combining speed, scale, and security in a single, seamless platform.
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